Bond American Tower Corp 3.7% ( US03027XAY67 ) in USD

Issuer American Tower Corp
Market price refresh price now   111.70 %  ▲ 
Country  United States
ISIN code  US03027XAY67 ( in USD )
Interest rate 3.7% per year ( payment 2 times a year)
Maturity 14/10/2049



Prospectus brochure of the bond American Tower Corp US03027XAY67 en USD 3.7%, maturity 14/10/2049


Minimal amount 2 000 USD
Total amount 600 000 000 USD
Cusip 03027XAY6
Standard & Poor's ( S&P ) rating BBB- ( Lower medium grade - Investment-grade )
Moody's rating Baa3 ( Lower medium grade - Investment-grade )
Next Coupon 15/10/2026 ( In 29 days )
Detailed description American Tower Corporation is a real estate investment trust (REIT) that owns, operates, and develops a portfolio of communications real estate, including towers, rooftops, and other infrastructure sites, primarily for wireless and broadcast operators globally.

A notable fixed-income instrument, the American Tower Corp bond identified by ISIN US03027XAY67 and CUSIP 03027XAY6, presents an opportunity for investors seeking exposure to the telecommunications infrastructure sector, with the issuer, American Tower Corp, being a prominent global real estate investment trust (REIT) that owns, operates, and develops multi-tenant communications sites primarily for wireless and broadcast communications, providing critical infrastructure for the expanding digital economy; this particular bond, issued in the United States and denominated in US Dollars (USD), currently trades at 100% of its face value, indicating it is trading at par, and offers a fixed interest rate of 3.7%, with coupon payments disbursed semi-annually, providing regular income to bondholders until its substantial maturity date of October 14, 2049, thereby offering a long-term investment horizon; the total size of this bond issuance amounts to a significant $600,000,000, reflecting a sizable capital raise by the issuer, and is accessible to a broad range of investors given its minimum purchase size set at $2,000; furthermore, assessing the creditworthiness of this instrument, it holds an investment-grade rating of 'BBB-' from Standard & Poor's (S&P) and 'Baa3' from Moody's, both of which are at the lower end of the investment-grade spectrum, suggesting that while the issuer is considered to have adequate capacity to meet its financial commitments, it may be subject to impairment if economic conditions deteriorate.
DateClean price
07/08/2024100.00%
04/03/202473.18%
20/08/2023111.29%
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